Direxion Daily S&P 500 Bear 1X ETF
SPDN
4 hedge funds and large institutions have $1.06M invested in Direxion Daily S&P 500 Bear 1X ETF in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 0 reducing their positions, and 6 closing their positions.
35.37% less ownership
Funds ownership: 43.78% → 8.41% (-35%)
56% less funds holding
Funds holding: 9 → 4 (-5)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
87% less capital invested
Capital invested by funds: $8.36M → $1.06M (-$7.3M)
Top Buyers
Top Sellers
| 1 |
Citigroup
New York
|
-$3.1M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.71M |
| 3 |
VF
Virtu Financial
New York
|
-$1.56M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$868K |
| 5 |
FMP
Financial Management Professionals
Austin,
Texas
|
-$539K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
1
Tower Research Capital (TRC)
New York
| $665K | +$278K | +9,468 | +67% |
|
|
FHA
2
Flagship Harbor Advisors
Boston,
Massachusetts
| $392K | +$411K | +14,000 | New |
|
|
CG
3
Cutler Group
San Francisco,
California
| $2K | +$2.88K | +98 | New |
|
|
LTFS
4
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | +$29 | +1 | +4% |
|
|
5
Citigroup
New York
| – | -$3.1M | -97,350 | Closed |
|
|
6
LPL Financial
San Diego,
California
| – | -$1.71M | -53,611 | Closed |
|
|
VF
7
Virtu Financial
New York
| – | -$1.56M | -48,924 | Closed |
|
|
8
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$868K | -27,247 | Closed |
|
|
FMP
9
Financial Management Professionals
Austin,
Texas
| – | -$539K | -16,926 | Closed |
|
10
UBS Group
Zurich,
Switzerland
| – | -$102K | -3,217 | Closed |
|
SPDN Hedge Fund Activity: Q1 2019 in Review
4 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q1 2019, worth a combined $1.06M — down 87% from $8.36M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SPDN and 2 opened new positions — a net loss of 4 holders — while 0 trimmed existing stakes and 2 added.
The largest buyer was Flagship Harbor Advisors, opening a new position worth an estimated $411K. The largest seller was Citigroup, exiting entirely with an estimated $3.1M sold.
- 4 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q1 2019, down from 9 in Q4 2018.
- Funds reported $1.06M of Direxion Daily S&P 500 Bear 1X ETF stock for Q1 2019, down 87% quarter-over-quarter.
- 2 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q1 2019 and 6 closed out, a net change of -4 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q1 2019 was Flagship Harbor Advisors, an estimated $411K added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q1 2019 was Citigroup, an estimated $3.1M sold.
Based on aggregated 13F filings for Q1 2019.